Blog

The cosmic perspective on self-isolation

This was a great article I found on Axios that has some helpful perspective for our Coronavirus times. Written by Miriam Kramer. The perspective space providesis essential during these troubled times. Why it matters: Astronauts live in isolation and look down on our planet with a view that can bring people out of their own experiences,…
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Need Cash? Try to Avoid Retirement Accounts

Article Highlights: Early-Withdrawal Penalties Reduction in Retirement Savings Exceptions from the Early-Withdrawal Penalty  If you find yourself looking for a quick source of cash, your retirement savings may look like a tempting option. However, if you are under age 59½ and withdraw money from a traditional IRA or qualified retirement account, you will likely pay both income…
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Congress Does Away with Stretch IRA

Article Highlights: Taxability of DistributionsStretching DistributionsSECURE Act ChangesTen-Year RuleSpouse ExceptionOther ExceptionsNaming Beneficiaries On December 20, 2019, President Trump signed into law the Appropriations Act of 2020, which included a number of tax law changes, including extending certain tax provisions that expired after 2017 or were about to expire, a number of retirement and IRA plan…
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2019 Tax Brackets

2019 is almost over, and you may be wondering what tax bracket you’ll end up in, and for good reason. There are a lot of reasons you may need to check 2019 tax bracket information. Year-end charitable gifting, deciding if you should take a bonus in this tax year, deciding if you should exercise stock options, are just a few good reasons to see what bracket you’ll end up in.
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Retirement account gaffes: Clients’ biggest withdrawal mistakes

This is a great article by Ed Slott. There are ways to avoid the 10% penalty tax for taking money out of your IRA early. But you’d better make sure you understand the rules clearly before taking an early withdrawal. This is a great resource for all the exceptions to the early withdrawal penalty. Baby…
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